Granite Contruction quarterly loss narrows

GabrielMadway

SAN FRANCISCO (MarketWatch) -- Granite Construction Inc.
GVA, -2.72%
late Wednesday reported a first-quarter net loss of $1.4 million, or 3 cents a share, vs. a net loss of $8.3 million, or 20 cents a share, in the year-ago period. Revenue at the Watsonville, Calif.-based contracting and construction materials company rose to $496 million from $420.9 million. Analysts polled by Thomson First Call had forecast a loss of 10 cents a share on revenue of $463 million.

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